Ginned-Up ‘Stories’ Help Take Steam Out of Institutional Faves

The lunatic stocks have cooled, to put it mildly. However, because ‘stories’ have been contrived to justify the selling, it seems likely that the engineered weakness will abate when DaBoyz have pummeled their faves back down to bargain levels. They’ll have limited success with Apple, of course, since it’s always going to be a challenge to put the knock on such a great company.  Not so, Tesla, however, and even though bloodletting has been under tight control, I expect TSLA to fall a further $21, to 171.09 , or possibly even to 163.88, before the carnage abates. Chipotle was getting a tad rich at 60 times earnings, but it too may be hard to beat down. The current effort derives from a well-timed story that the burrito purveyor is lining up a new, more humane supplier of pork. And the beat goes on.